Sempra Energy (NYSE:SRE) Given Neutral Rating at Mizuho

Sempra Energy (NYSE:SRE)‘s stock had its “neutral” rating reissued by equities research analysts at Mizuho in a report released on Monday, MarketBeat reports. They currently have a $84.00 price objective on the utilities provider’s stock, down from their previous price objective of $104.00. Mizuho’s price target points to a potential downside of 0.30% from the company’s current price.

A number of other analysts have also commented on the company. Barclays decreased their target price on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Morgan Stanley cut their price target on Sempra Energy from $108.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Jefferies Financial Group set a $101.00 price objective on Sempra Energy in a report on Thursday, July 16th. Finally, Truist Financial set a $100.00 target price on Sempra Energy and gave the stock a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.92.

Sempra Energy Trading Down 0.1%

Shares of SRE stock opened at $84.25 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78. Sempra Energy has a 1-year low of $78.97 and a 1-year high of $101.04. The stock has a 50-day moving average of $89.67 and a 200-day moving average of $92.14. The stock has a market cap of $55.09 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.03 and a beta of 0.57.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the company earned $0.89 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.800-5.300 EPS. On average, equities research analysts forecast that Sempra Energy will post 5.12 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Caroline Ann Winn sold 8,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the sale, the executive vice president directly owned 25,164 shares in the company, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Sempra Energy

Several large investors have recently modified their holdings of SRE. California State Teachers Retirement System boosted its holdings in Sempra Energy by 11,081.4% in the 2nd quarter. California State Teachers Retirement System now owns 92,350,656 shares of the utilities provider’s stock worth $8,561,829,000 after buying an additional 91,524,727 shares during the period. BlackRock Inc. purchased a new stake in shares of Sempra Energy during the second quarter worth $5,588,577,000. State Street Corp boosted its holdings in shares of Sempra Energy by 5.2% in the fourth quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock worth $3,273,460,000 after acquiring an additional 1,824,280 shares during the period. Morgan Stanley boosted its holdings in shares of Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock worth $1,971,524,000 after acquiring an additional 3,250,783 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Sempra Energy by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock valued at $1,256,592,000 after purchasing an additional 116,554 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Company Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non?regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.